Excerpt: At a March 1, 2005 Senate Finance Committee hearing and a March 2, 2005 House Committee on Education and the Workforce hearing, representatives from the Administration, the business community, organized labor, academia, and participants' rights groups took turns discussing, describing, dissecting, disparaging, and in some cases defending, the Bush Administration's controversial proposals for reforming pension funding rules and ... [the PBGC's] financial condition.